Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) Sees Significant Growth in Short Interest

Dillards Capital Trust I CAP SECS 7.5% (NYSE:DDT) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,716 shares, a growth of 299.0% from the June 15th total of 1,934 shares. Based on an average daily volume of 13,648 shares, the days-to-cover ratio is currently 0.6 days.

Dillards Capital Trust I CAP SECS 7.5% Stock Performance

Shares of NYSE DDT traded up $0.03 during mid-day trading on Monday, reaching $26.55. 2,405 shares of the company were exchanged, compared to its average volume of 8,831. The company’s 50-day simple moving average is $26.17 and its 200-day simple moving average is $26.16. Dillards Capital Trust I CAP SECS 7.5% has a twelve month low of $25.11 and a twelve month high of $26.64.

Dillards Capital Trust I CAP SECS 7.5% Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be issued a $0.4688 dividend. This represents a $1.88 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, July 17th.

Dillards Capital Trust I CAP SECS 7.5% Company Profile

Dillards Capital Trust I (NYSE: DDT) is a Delaware statutory trust formed by Dillard’s, Inc in 2003 to raise capital through the issuance of 7.50% fixed‐rate capital securities. The trust’s sole purpose is to acquire junior subordinated debentures issued by Dillard’s, Inc, using the net proceeds from its securities offering. Holders of DDT securities own undivided beneficial interests in the trust’s assets and receive quarterly distributions, subject to the trust’s payment conditions.

The trust’s underlying sponsor, Dillard’s, Inc, is a U.S.